ITC Hotels is aggressively pursuing an investment-led growth strategy to become the largest hotel operator in India.
A part of ITC Ltd, the chain is targeting 150 hotels across four accommodation categories in the years to come.
It currently has around 90 hotels in over 70 destinations across India.
As many as 40 hotels are at various stages of development, according to Nakul Anand, executive director, ITC Ltd.
“These hotels are either owned or managed by us under one of the four brands. The intention is to double capacity in the next few years in terms of rooms, across the brands,” said Anand, adding that the company has an outlay of Rs9,000 crore for the hotels business.
He said the company is committed to competitive growth and deploying its full portfolio across the four segments. “That is what we believe is required to successfully deliver on our ambition and goal to attain competitive growth. All the funding will be done through internal sources,” he said.